| But the oligopolists of culture are running out of alternatives. |
| Explicit pricing agreements are illegal, so oligopolists must depend on tacit understandings to maintain pricing discipline. |
| For literature on information-sharing among oligopolists, see Gal-Or, in which rival firms have private information and use it against one another. |
| Oligopolists increase price by distorting output decisions, causing cross-firm production inefficiencies. |
| The problem with this expanded property creation scheme, he suggests, is that the property being created is gobbled up by a few rapacious oligopolists. |
| We derive corrective tax rules when firms are oligopolists whose production processes generate emissions that add to a stock of pollution that accumulates over time. |
